{"id":467108,"date":"2021-07-08T05:28:57","date_gmt":"2021-07-08T05:28:57","guid":{"rendered":"https:\/\/uniquehot.com\/?p=467108"},"modified":"2024-06-11T13:56:55","modified_gmt":"2024-06-11T13:56:55","slug":"ethereum-tops-near-2400","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-tops-near-2400\/","title":{"rendered":"TA: Ethereum Tops Near $2,400, Indicators Point Another Bearish Wave"},"content":{"rendered":"
Ethereum started a fresh decline after it failed to surpass $2,400 against the US Dollar. ETH price could decline further if it fails to stay above the $2,250 support.<\/em><\/p>\n There was an upside extension in ethereum above the $2,300 level. ETH even broke the $2,350 level and it settled above the 100 hourly simple moving average<\/a>.<\/p>\n However, the price faced a strong resistance<\/a> near the $2,400 level. A high was formed near $2,406 and the price started a fresh decline. It broke the $2,320 and $2,300 support levels. There was a break below the 50% Fib retracement level of the upward move from the $2,156 swing low to $2,406 high.<\/p>\n There was also a a break below a major bullish trend line with support near $2,285 on the hourly chart of ETH\/USD. The pair is now trading below the $2,280 support and the 100 hourly simple moving average..<\/p>\n <\/a><\/p>\n An immediate support is near the $2,250 level. It is near the 61.8% Fib retracement level of the upward move from the $2,156 swing low to $2,406 high. If there is a downside break below the $2,250 support zone, there is a risk of a sharp decline. The next major support is near the $2,150 level.<\/p>\n If Ethereum stays above the $2,250 support, it could correct higher in the near term. An initial resistance is near the $2,280 level and the 100 hourly simple moving average.<\/p>\n The first key resistance could be $2,300. The next major resistance is near the $2,350 level. Any more gains could lead the price towards the $2,400 level, above which the bulls are likely to aim a larger increase.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining pace in the bearish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is currently below the 50 level.<\/p>\n Major Support Level \u2013 $2,250<\/p>\n Major Resistance Level \u2013 $2,350<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum started a fresh decline after it failed to surpass $2,400 against the US Dollar. ETH price could decline further if it fails to stay above the $2,250 support. Ethereum is slowly moving lower below the $2,300 support zone. The price is now trading below the $2,280 support and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $2,285 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to move down if it fails to stay above the $2,250 support zone. Ethereum Price Could Decline Further There was an upside extension in ethereum above the $2,300 level. ETH even broke the $2,350 level and it settled above the 100 hourly simple moving average. However, the price faced a strong resistance near the $2,400 level. A high was formed near $2,406 and the price started a fresh decline. It broke the $2,320 and $2,300 support levels. There was a break below the 50% Fib retracement level of the upward move from the $2,156 swing low to $2,406 high. There was also a a break below a major bullish trend line with support near $2,285 on the hourly chart of ETH\/USD. The pair is now trading below the $2,280 support and the 100 hourly simple moving average.. Source: ETHUSD on TradingView.com An immediate support is near the $2,250 level. It is near the 61.8% Fib retracement level of the upward move from the $2,156 swing low to $2,406 high. If there is a downside break below the $2,250 support zone, there is a risk of a sharp decline. The next major support is near the $2,150 level. Upsides Limited in ETH? If Ethereum stays above the $2,250 support, it could correct higher in the near term. An initial resistance is near the $2,280 level and the 100 hourly simple moving average. The first key resistance could be $2,300. The next major resistance is near the $2,350 level. Any more gains could lead the price towards the $2,400 level, above which the bulls are likely to aim a larger increase. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining pace in the bearish zone. Hourly RSI – The RSI for ETH\/USD is currently below the 50 level. Major Support Level \u2013 $2,250 Major Resistance Level \u2013 $2,350<\/p>\n","protected":false},"author":67,"featured_media":464166,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[1946,8686,78803],"class_list":["post-467108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price Could Decline Further<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Upsides Limited in ETH?<\/h2>\n